Wednesday, 12 February 2014

Are
you the head of a non-profit looking for some answers about e postcard form990-n? If so, you have come to the right place. This document, simple and
easy as it might be, is very important when it comes to maintaining your
organization's 501(c)(3) status. Here is a list of commonly asked questions
about the form itself as well as how to file it.

What
information is required to complete form 990-N?

Anyone
completing form 990-N needs to collect a few simple pieces of information.
These include your organization's tax ID number, a physical address and name
for your organization, the name and address of a principal officer, confirmation
that your organization's gross receipts totaled under $50,000 for the fiscal
year, a website address if you have one, any other names your organization goes
by, as well as a written statement saying that you are going out of business
(if applicable).

The
990n postcard filing must be completed no later than the 15th
day of the fifth month following the end of your organization's fiscal year.
Because these dates vary from company to company, there is no one single set
date.

What
happens if I don't file?

If
you miss your due date once, it usually is not a big problem. The IRS will send
you a reminder, and you can file your e postcard form 990-n at that
point. However, if you have failed to file your form for three consecutive
years, your organization's tax-exempt status will automatically be revoked, and
you will have to reapply for this status.

How
will I know if my form was accepted?

The
IRS will send you a confirmation E-mail stating that your 990n post card filing went through successfully.

Can
I paper file instead of doing it electronically?

Unfortunately,
there is no paper form of the e postcard form 990-n, so you must
complete your filing online. The easiest way to do this is by using an online
service such as etax990n.com, which not only allows you to file your form but
also provides 24/7 customer support and free re-filings if the initial form is
rejected.

Can
I file for previous fiscal years?

Yes.
Systems such as etax990n.com will allow you to file forms for up to 2 tax years
prior, helping you get caught up on your filings.

How
long will it take for my form to show up at the IRS search site?

After
you complete your 990n postcard filing, it may take up to three weeks
for it to show up on the IRS search page.

What
is the point of form 990-n?

The
reason for filing form 990-n is to give your donors and other interested
parties a way to see the most up to date information available regarding your
organization's earnings. It provides a form of transparency.

How
long does it take to file form 990-n?

Not to worry – from start to finish, it will only
take about 15 minutes of your time, as long as you have all of the information
assembled before you begin. If you run into any problems, simply contact
customer support at any time for guidance or assistance. Visit http://www.Etax990n.com to start filing your non profit tax.